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China lends Africa 16 billion euros

China lends Africa 16 billion euros
 
China's President Hu Jintao (L) delivers a speech during the opening ceremony of the Fifth Ministerial Conference of the Forum on China-Africa Cooperation Reuters/Jason Lee

China's President Hu Jintao has announced a 16-billion-euro loan package for African countries to be paid over the next three years. The loans are double the amount pledged by Beijing three years ago. Professor Léonce Ndikumana, a macroeconomic expert, discusses China-Africa relations.


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